Digital Banking News
Ex Syndian Shri Mahesh Kumar Jain Appointed As New RBI Deputy Governor

Ex Syndian Shri Mahesh Kumar Jain Appointed As New RBI Deputy Governor

Digital Banking News

Ex Syndicate Bank General Manager Shri Mahesh Kumar Jain has been appointed as the Deputy Governor of Reserve Bank of India (RBI). This news was tweeted by Rajeev Kumar, secretary (financial services department) at the finance ministry. Sri M K ...

Rs 20 Lakhs Gratuity Payment To Bankers, Effective From 29th March 2018

Rs 20 Lakhs Gratuity Payment To Bankers, Effective From 29th March 2018

Digital Banking News

Revised Gratuity Payment to Bankers effective from 29th March 2018 - Public Sector Banks has issued the notification for revised gratuity payment amounting Rs 20 lakhs to bankers since 29th March 2018. As per the ministry of labour and employment ...

UIDAI Said the Aadhaar Mandatory for Opening New Bank Accounts, Tatkal Passports

UIDAI Said the Aadhaar Mandatory for Opening New Bank Accounts, Tatkal Passports

Digital Banking News

In reply to supreme court order for extending the last date for accepting Aadhaar from 31st March to indefinite period, The UIDAI has stated that the requirement of Aadhaar for opening new bank accounts or applying for Tatkal passports will ...

These Five Banks May Slip to RBI’s Prompt Corrective Action Plan (PCA)

These Five Banks May Slip to RBI’s Prompt Corrective Action Plan (PCA)

Digital Banking News

Reports from rating agency ICRA stated that Five Public Sector Bank's Canara Bank, Punjab National Bank, Union Bank of India, Andhra Bank and Punjab & Sind bank may put under Prompt Corrective Action Plan (PCA) due to recall of Rs 157-bn AT-1 ...

RBI New KYC Rule May Kill Mobile eWallet Business in India

RBI New KYC Rule May Kill Mobile eWallet Business in India

Digital Banking News

None of the Mobile Wallets compnaies including big names like PayTm, Mobikwik, Freecharge, SBI Buddy, ICICI Pockets, Jio etc having more than 10% of their wallet customers with full kyc. Each of the wallets companies including semi-closed wallets ...

Rs 11,000 Cr Fraud Detected in Punjab National Bank

Rs 11,000 Cr Fraud Detected in Punjab National Bank

Digital Banking News

It is unbelievable, Public sector Bank, PNB has detected a whopping Rs 11,000 crore fraud in one of its branch in Mumbai. The fraudulent transaction amount is close to 1/3rd of its total market capitalization of Rs 36,000 crore and 2.55 percent of ...

FRDI Bills – Are Depositors Money Really Safe with Banks ?

FRDI Bills – Are Depositors Money Really Safe with Banks ?

Banking & Finance

Financial Resolution and Deposit Insurance Bill, 2017, or FRDI Bill is all set to tabled in the winter session of parliament. FRDI will be placed in the parliament together with the Bankruptcy and Insolvency Code, re-capitalization of public sector ...

Now Aadhaar Mandatory for Transaction Above Rs 50,000, Opening New Accounts

Now Aadhaar Mandatory for Transaction Above Rs 50,000, Opening New Accounts

Digital Banking News

Government of India, Ministry of finance has made it mandatory for all existing customer or new customer of any bank in India to obtain the PAN card and Aadhaar Number compulsory for account opening and in case of existing accounts at the time of ...

Government Reshuffle PSB Chiefs on Performance

Government Reshuffle PSB Chiefs on Performance

Banking & Finance

Showing seriousness towards rising public sector bad debt, Government of India demoted two CEO's of various public sector banks on ground of non performance in achieving the prescribed targets. Transfer of existing chief executives of Punjab ...

Aadhaar Mandatory for Filling Income Tax Return (ITR)

Aadhaar Mandatory for Filling Income Tax Return (ITR)

Digital Banking News

Indian government has made Aadhaar mandatory for filing income tax returns (I-T Returns) from the July, 1st next financial year including a must document for obtaining new PAN (Permanent Account Number). Government has made amendments in finance ...

How To Win Rs One Crore Award with Cashless Payment ?

How To Win Rs One Crore Award with Cashless Payment ?

Banking & Finance

After Demonetization it is time to lure customer for cashless transaction, government planning body Niti Aayog has announced the reward up to Rs one crore to anybody either consumer or merchant for cashless transaction. Government called it as ...

How Does Micro ATM Work ?

How Does Micro ATM Work ?

Banking & Finance

After Demonetization of Rs 1000 and Rs 500 currency by government, a lot of chaos created among people for exchanging old denomination note with new one. Cash crunch have been created  among people of all category as there are many restriction on ...

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